Global Gallium Arsenide (GaAs) Wafers Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Gallium Arsenide Wafers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global gallium arsenide wafers market report has been segmented on the basis of material type, application, and region.
Global Gallium Arsenide Wafers Market: Overview
Gallium arsenide is a III-V direct bandgap semiconductor compound made of gallium and arsenic with a crystal structure of zinc blende. Gallium is a byproduct of melting metals such as aluminum and zinc whereas arsenic is poisonous. Gallium arsenide is used in the manufacturing of semiconductor devices such as solar cells, microwave frequency integrated circuits, laser diodes, monolithic microwave integrated circuits, optical windows, and infrared light-emitting diodes.
Global Gallium Arsenide Wafers Market: Dynamics
Increasing demand for gallium arsenide wafers in electronics owing to high electron mobility, thermal stability, and others is a major factor expected to fuel growth of the target market in years to come. In addition, GaAs wafer is used as a substrate for epitaxial growth of semiconductors. It is used in fast electronic switching and ultra-high radio frequency applications. Increasing digitalization, coupled with growing demand for smart network are other factors projected to support revenue growth of the global gallium arsenide wafers market. Furthermore, rapid urbanization, coupled with high disposable income, and growing demand for smart phones, photovoltaic devices, etc. are among the other factors expected to fuel growth of the gallium arsenide wafers market in the next 10 years.
However, high production cost of gallium arsenide wafers is a major factor which may hamper growth of the gallium arsenide wafers market. Additionally, stringent regulations pertaining to toxic emissions is another factor expected to restrain growth of the target market.
Increasing investments in R&D and adoption of GaAs wafers in developed as well as developing countries are factors expected to create revenue opportunity for manufacturers operating in the target market.
Global Gallium Arsenide Wafers Market: Segment Analysis
Among the production method segments, the vertical gradient freeze segment is expected to account for major revenue share in the target market in the next coming years.
Among the application segments, the mobile devices segment is projected to register significant revenue share in the target market. The transmitter used in smartphone is made of GaAs which extends battery life, and is more efficient. Growing population, coupled with high disposable income, and increasing demand for smart phones owing to digitalization are factors driving growth of the segment market.
Global Gallium Arsenide Wafers Market: Region Analysis
The gallium arsenide wafers market in Asia Pacific is estimated to account for major revenue share and projected to register highest CAGR in the target market in the next 10 years. This is attributed to increasing use for gallium arsenide wafers in electronics industry, rapid urbanization, coupled with increasing spending capacity, growing demand for smart phones in the region. China is expected to contribute major revenue share in the Asia Pacific market. The Europe market is expected to account for moderate revenue growth in the global gallium arsenide wafers market.
Global Gallium Arsenide Wafers Market Segmentation:
Segmentation on the Basis of Production Method:
- Vertical Gradient Freeze (VGF)
- Liquid Encapsulated Czochralski (LEC)
- Molecular Beam Epitaxy (MBE)
- Metal-Organic Vapor Phase Epitaxy (MOVPE)
Segmentation on the Basis of Application:
- Wireless Communication Network
- Mobile Devices
- Aerospace and Defense
- Others (Photovoltaic Devices and Optoelectronic Devices)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Freiberger Compound Materials GmbH
- AXT Inc.
- Sumitomo Electric Semiconductor Materials Inc.
- Advanced Wireless Semiconductor Company
- Global Communication Semiconductors, LLC
- WIN Semiconductors Corp.
- Powerway Advanced Material Co., Ltd.
- Intelligent Epitaxy Technology, Inc.
- DOWA Electronics Materials Co., Ltd.
- IQE PLC
- Wafer Technology Ltd.
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